Cloud Load Balancers Market Size & Share, by Component (Hardware, Software, Services, Training & Consulting, Integration & Deployment, Support & Maintenance); Organization (Large Scale, SMEs); End-user (BFSI, IT & Telecom, Healthcare, Retail, Government & Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5077
  • Published Date: Jun 23, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Cloud Load Balancers Market size is projected to surpass USD 35 billion by the end of 2035, expanding at a CAGR of 16% through the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of cloud load balancers was USD 8 billion. This growth of the market could be due to growing preference for e-commerce. Further, as e-commerce expands, so would the number of online shoppers globally. As of 2023, there are about 3 billion digital consumers worldwide. This represents approximately 32% of the world's population. Hence, cloud load balancers are estimated to be beneficial for e-commerce businesses since their workload is set to increase.

Additionally, the government is focusing on digital transformation and launching various programs in order to encourage companies to adopt digitalization. The government itself made great progress in digitalizing its services and adopting the cloud. They are putting great emphasis on e-government further boosting the need for cloud load balancers in order to efficiently manage its data.


Cloud Load Balancers Market
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Cloud Load Balancers Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth in the Number of Data Centers Currently, there are about 7,999 data centers all across the world. Hence, the demand for cloud load balancers is poised to grow. Data center cloud load balancing typically involves two application scenarios. One approach is to evenly distribute network traffic or large-scale concurrent access to several server nodes in order to create multiple servers that could reply to requests from various users. Another is to distribute the load from the large-scale compute unit evenly among several servers.
  • Rise in the Number of Connected Devices As connected devices become more commonplace, there is bound to be a growth in the need for cloud load balancing. IoT also sees widespread use of cloud load balancers as a result of the need for powerful request processing due to device interconnection. Global sensor deployment initiatives in numerous industries and the multi-access edge computing revolution are both growing the customer base for cloud load balancers. Since artificial intelligence solutions need to be highly responsive and include models, the demand for load-balancing components is rising significantly.
  • Surge in the Number of Small Businesses Currently, there are about 315 million small enterprises worldwide. Implementing an effective cloud load balancing provider allows companies to give superior cloud service quality to all of their clients and increase their long-term dependability. The fact that everything is accomplished at a substantially cheaper cost of ownership is a benefit. Hence, the adoption of cloud load balancers is on the rise.

Challenges

  • Insufficient Infrastructure
  • Lack of High Bandwidth - One of the key problems impeding market expansion is the absence of high bandwidth service providers. It is frequently essential to use high bandwidth suppliers for an effective load-balancing strategy. However, difficulties associated with the implementation of advanced load balancer components in a conventional systems administration environment limit the rise of the load balancer market.
  • Lack of Skilled Workers

Cloud Load Balancers Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~16%

Base Year Market Size (2022)

~ USD 8 Billion

Forecast Year Market Size (2035)

~ USD 35 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cloud Load Balancers Segmentation

Vertical (BFSI, IT & Telecom, Healthcare, Retail, Government & Defense)

The IT & telecom segment in the cloud load balancers market is set to garner highest revenue by the end of 2035. The IT and telecom industries provide the basis for operating for every sectors of the economy hence, further creating a huge workload. In terms of controlling workloads, distributing resources is important in the IT industry, where cloud load balancers are closely entwined. Furthermore, networking plays a significant role in the telecommunications sector, and cloud load balancers are crucial for distributing traffic.  

Organization Size (Large Scale, SMEs)

The large-scale segment is anticipated to have significant growth over the predicted period. Industrial revolutions, modularity, and successful industrial interoperability offer large enterprises a competitive edge in the market. Due to the urge to be present in the age of technology, large enterprises are using solutions that enable them to offer speedy and reliable content across several servers. Owing to this growing demand, large enterprises have embraced cloud load balancers more frequently.

Our in-depth analysis of the global market includes the following segments:

  Component

  • Hardware
  • Software
  • Services
  • Training & Consulting
  • Integration & Deployment
  • Support & Maintenance

 

  Organization Size

  • Large Scale
  • SMEs

   Vertical

  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail
  • Government & Defense

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Cloud Load Balancers Industry- Regional Synopsis

North American Market Statistics

The North America for cloud load balancers market is expected to dominate revenue share by 2035, backed by growing adoption of the cloud. Every industry of the economy in this region has embraced cloud-based services, making the North America region the area where cloud computing services initially gained popularity. In order to maintain flexibility and scalability, more businesses are expected to integrate their infrastructure and systems with load balancers, which is expected to fuel market expansion in the region.

Additionally, this region's rapid adoption of cutting-edge technology and large expenditure on information and communication technologies are the prime factors boosting the market revenue for cloud load balancer. Further, this region has a high number of online gamers, and video streamers, driving the need for data center service. Moreover, about 24% of North American employees were expected to work almost permanently commencing in 2022. This could also be an influencing factor for market growth.

Asia Pacific Market Forecast

The Asia Pacific cloud load balancers market is estimated to register substantial growth rate through 2035. The economies of numerous nations, including China, India, Japan, and many others, have an important effect on the APAC region. Businesses in these countries desire more capable, trustworthy, cost-effective, and secure cloud-based load balancers. The mechanical improvements in this area and the increasing shift towards cloud load balancers are predicted to provide further benefits for the surge in the global cloud load balancers market share.

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Cloud Load Balancers Market Share
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Companies Dominating the Cloud Load Balancers Landscape

top-features-companies
    • Amazon Web Services, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • F5, Inc.
    • Citrix Systems, Inc.
    • Microsoft
    • IBM Corporation
    • Google LLC
    • Imperva
    • Progress Software Corporation
    • Radware, Ltd.
    • Check Point Software Technologies, Ltd.

In-the-news

In The News

  • CloudGuard Network Security with Azure Gateway Load Balancer has been made available, according to Check Point Software Technologies, Ltd. With the premier advanced threat prevention solution from Check Point, Azure security is strengthened. Customers could now more effectively defend their data, applications, and services from potential threats in the cloud thanks to CloudGuard, and the integration makes it easier to create secure Azure installations.
     
  • Clinical apps are currently being developed and deployed by eHealth NSW, the digital division of NSW Health, using its cloud architecture, which was created in collaboration with the hyperscale providers Amazon Web Services, Inc. and Microsoft Azure.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5077
  • Published Date: Jun 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growth in number of data centers, rise in connected devices, and surge in small businesses.

The market size of urgent care centers is anticipated to attain a CAGR of ~16% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Amazon Web Services, Inc., F5, Inc., Citrix Systems, Inc., Microsoft, and more.

The cloud load balancer market size was valued at 8 Billion in 2022.

BFSI, IT & telecom, healthcare, retail, and government & defense are different verticals anticipated to make the use of cloud load balancers.

The large scale segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Amazon Web Services, Inc. company is estimated to have the highest share in the cloud load balancers market.
Cloud Load Balancers Market Report Scope
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